Aluminium Futures Rise on Speculator Bets
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Aluminium futures prices increased by 0.1% to Rs 250.55 per kg on the Multi Commodity Exchange, driven by speculator activity and strong spot market trends.
New Delhi, Jul 10 (PTI) Aluminium prices on Thursday rose 25 paise to Rs 250.55 per kilogram in the futures trade, as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in August increased 25 paise, or 0.1 per cent, to Rs 250.55 per kg in 438 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium for delivery in August increased 25 paise, or 0.1 per cent, to Rs 250.55 per kg in 438 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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